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Colorado Sports Betting

It has been a while since Colorado was referred to as part of the Wild West – but that’s the best way to describe the state’s approach to legal sports betting.

No other state in America offers its residents and visitors more sports gambling options, with Colorado having welcomed more than two dozen online operators alone inside its borders.

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Colorado’s online sports betting landscape is unlike any you’ll see anywhere else in the United States. The mix of well-established brands and local operators means players have more choice than any other sports bettors in the country.

That said, some mobile sportsbooks are better than others; here’s our list of the top operators in Colorado.

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Colorado Sportsbooks

Caesars Review Logo
Icon rating a-
  • Pro: Largest retail sportsbook in America.
  • Con: Live betting data can be slower to load than some competitors.
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Caesars Review

Caesars is proving to be one of the most aggressively expanding brands in sports betting. Unfortunately, like all major U.S. sportsbooks, they are quick to limit you if you go on a tear and their odds boost promos offer low maximum bet limits.

Bonus iconKnown for: $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®

Visit Caesars
BetMGM Review Logo
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  • Pro: Voted Casino Operator of the Year in 2021 and 2022.
  • Con: Quick to lower your limits when you're on a heater.
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BetMGM Review

BetMGM is one of the top-rated sportsbooks in the U.S. offering some of the best live betting odds in the industry. They’re also the largest iGaming operator across the U.S.

Bonus iconKnown for: $1,000 Risk-free Bet

Visit BetMGM
FanDuel Review Logo
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  • Pro: Seamless transition from DFS to sportsbook with one wallet.
  • Con: Odds boosts and promos generally have low max bet limits.
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FanDuel Review

FanDuel reigns supreme right now as the No. 1 betting site in America. And it has largely earned that spot on the strength of superior brand recognition, an easy-to-use product, an overwhelming number of markets for North America’s most popular sports, and representation in every state in which it is permitted to offer legal sports betting.

Bonus iconKnown for: $1,000 "No Sweat First Bet"

Visit FanDuel
DraftKings Review Logo
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  • Pro: Lots of promos and odds boosts.
  • Con: Indirect and unhelpful customer service.
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DraftKings Review

DraftKings had a solid reputation as the leading DFS provider in the country, so the shift to legal sports betting felt natural. They offer one of the most voluminous collections of ongoing promos and odds boosts in the industry as they cater to the beginner crowd. However, their reputation has dwindled as outspoken CEO Jason Robins leads the charge of the anti-profitable bettor mentality that runs rampant amongst sportsbooks that are quick to limit winning players.

Bonus iconKnown for: 20% Deposit Match up to $1,000

Visit DraftKings
PointsBet Review Logo Online since: 2015
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  • Pro: 100% independent.
  • Con: After using the app for a while, you will no longer be qualified for promotions designated for “recreational” players.
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PointsBet Review

PointsBet’s innovative nature shows that they don’t want to just be another book you place typical bets. Unfortunately, they are quick to limit bettors on a hot streak and limit the number of promos you’re able to take advantage of, making it necessary for you to shop at other books regularly.

Bonus iconKnown for: 5 Risk-free Bets up to $500

Visit PointsBet
Barstool Sportsbook Review Logo
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  • Pro: Interactive bets with their known personalities.
  • Con: Below-average odds.
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Barstool Sportsbook Review

Barstool Sportsbook’s controversial practices have made them one of the most polarizing companies in sports media. In addition, their fun-over-function business model offers little profitability for bettors who quickly find themselves limited after a hot streak.

Bonus iconKnown for: $1,000 Risk-free Bet

Visit Barstool Sportsbook
WynnBET Review Logo
Icon rating b
  • Pro: Above-average betting limits.
  • Con: Boosts and parlays offered are either high-risk or low-value plays.
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WynnBET Review

Wynn has been steeped in the legal gambling scene in Vegas for as long as anyone out there. In other occurrences where you have an operator with a rich history and influence in retail casino operations and resorts, the focus can predominantly be on slots and table games. The online sportsbook can be a casualty of convenience. We were pleasantly surprised to find that isn’t the case with the WynnBET app. 

Bonus iconKnown for: Bet $100, Get $100

Visit WynnBET
Unibet Review Logo
Icon rating b-
  • Pro: Established global sports betting brand.
  • Con: Withdrawals can be slower than average.
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Unibet Review

Unibet offers its customers an excellent online betting experience. Our Unibet review feels that the company's experience as a global brand shines through with a streamlined, easy-to-use gaming platform.

Bonus iconKnown for: $500 Risk-Free Bet (PA only)

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BetRivers Review Logo
Icon rating c+
  • Pro: Large offering of alternative lines and props.
  • Con: Will limit bettors on a heater.
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BetRivers Review

Unless you live near a physical casino/sportsbook to potentially take advantage of some rewards programs, there is no reason to use BetRivers as your primary sportsbook.

Bonus iconKnown for: Get up to $500 back in free bets if the initial wager loses

Visit BetRivers
Bally Bet Review Logo
Icon rating c
  • Pro: End-to-end tech through its ownership of Bet.Works.
  • Con: Low sign-up bonus.
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Bally Bet Review

Bally Bet’s bare-bones operation and limited features don’t warrant much consideration as a part of your regular sportsbook rotation unless you find holes in their lines. Still, it’s a company to be bullish about going forward.

Bonus iconKnown for: 100% First Bet Match up to $50

Visit Bally Bet
SI Sportsbook Review Logo
Icon rating c
  • Pro: BetFeed ranks most popular incoming bets.
  • Con: Non-existent customer service.
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SI Sportsbook Review

The Sports Illustrated Sportsbook is very much in its infancy, which is noticeable upon browsing the betting site or app, as the design is mediocre to go along with below-average betting odds. However, their relationship with 888 Holdings should allow them to evolve as they continue to grow in this hyper-competitive space.

Bonus iconKnown for: Bet $5, Get $100 (VA)

Visit SI Sportsbook
Hard Rock Sportsbook Review Logo
Icon rating c
  • Pro: If the house is a rockin' don't bother knockin'
  • Con: Limited betting menu.
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Hard Rock Sportsbook Review

Hard Rock sportsbook is an excellent choice for super casual bettors. It is simplistic and offers some of the best sign-up bonuses for new users looking to try sports betting for the first time or those betting for light entertainment.

Bonus iconKnown for: Promos vary by state.

Visit Hard Rock

Colorado Promos and Bonuses

Sports bettors in other parts of the U.S. can only dream about the kinds of promotional opportunities Coloradoans have access to, with dozens of sportsbooks offering a wide variety of sign-up bonuses. And while not all of them measure up to the best of the best, we’ve narrowed down the top sign-up offers and bonuses for you here:

PointsBet: 5 Risk-Free Bets up to $500

PointsBet offers new players a $100 risk-free bet on each of their first five days as an account holder. Their deal is of the "if you don't use it, you lose it" type, so to get the most out of this, you must be super active in your first week as a player. 

PointsBet used to be one of the most generous betting sites with their new player promos, but as the industry as a whole has cut back on promotions, so has PointsBet.

Caesars: First Bet up to $1,250 +1000 Tier Credits + 1000 Reward Credits

Caesars Sportsbook is now offering its "Go Full Caesar this Football Season" welcome bonus for new users. For prospective bettors, your first bet is on Caesars up to $1,250. If the bet loses, you get 100% of your stake back as a free bet. 

Note that $10 is the minimum wager amount accepted to qualify for this offer. All credits will be added to a user's account within 7 days. The free bet is for one-time use within 14 days and cannot be divided across multiple wagers.

New users will also receive 1000 Caesars Rewards Tier Credits and 1000 Caesars Reward Credits®, win or lose. Tier Credits contribute to your Tier Status, which gives you more benefits and faster service.

Tier Statuses are as follows:

Gold: 0 – 4,999 Tier Credits
Platinum: 5,000 – 14,999 Tier Credits
Diamond: 15,000 – 24,999 Tier Credits
Diamond Plus: 25,000 – 74,999 Tier Credits
Diamond Elite: 75,000+ Tier Credits
Seven Stars®: 150,000+ Tier Credits (exclusive invitation only)

Sports bettors can earn 1 Tier Credit for every $5 of potential profit on sports bets placed *Up to 10 times the original amount staked* Users can redeem these points when playing, dining, shopping, or staying at Caesars resorts and casinos.

FanDuel: $1,000 "No Sweat First Bet"

FanDuel regularly changes its welcome bonus, especially during peak sports seasons like the NFL. The latest offer from FanDuel is a "No Sweat First Bet" of $1,000.

If your first bet loses, FanDuel will offer you a free bet credit in the equal amount of your first bet up to $1,000. If your first bet wins, you win.

BetMGM: $1,000 Risk-Free Bet

BetMGM has an average sign-up bonus for Coloradans, offering a $1,000 risk-free bet for new users. It’s a bump up from the lowly $600 they were offering for a while.

With the risk-free bet, you only get money back if your first bet loses, and they match your first bet up to $1,000. There are no minimum or maximum odds restrictions on your first bet, which is nice since sign-up promos usually feature those. While that’s admirable insurance, it rewards you with nothing if your first bet hits. For that reason, deposit matches are generally slightly more appealing.

Barstool: $1,000 Risk-Free Bet

Barstool Sportsbook has an average sign-up bonus offering a $1,000 risk-free bet for new users. They word it differently by calling it a “2-for-1,” but Colorado residents know better: it’s a standard welcome bonus.

With the risk-free bet, you only get money back if your first bet loses, and they match your first bet up to $1,000. While that’s commendable insurance, it rewards you with nothing if your first bet hits. For that reason, deposit matches are generally slightly more appealing.

DraftKings: 20% Deposit Match up to $1,000

At DraftKings Colorado, you will receive a $50 free bet with a minimum deposit of $5. If you don’t have the bankroll to make a more extensive first deposit, this is a humble offer. Still, this is far from generous, considering that DK is a multi-billion dollar industry giant.

The more significant offer DraftKings features is a 20% first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000. This is not a reasonable offer for the casual bettor.

Tipico: $750 Risk-Free Bet

This risk-free first bet gives you insurance in case your first bet is graded a loss, but if your first bet hits, you get nothing for signing up. Due to this, most Colorado bettors will likely prefer sportsbooks that offer a deposit match.

Tipico has, however, improved its playthrough requirements from a 3x rollover to match the normal 1x rollover for your winnings before you can withdraw. This means if you take full advantage of the $750 risk-free bet, you need to play through an additional $750 ($1,500 in total) before withdrawing funds.

In addition to improving playthrough requirements, Tipico also doesn’t have a minimum or maximum odds requirement for its risk-free welcome bonus. 

Bally Bet: $550 Risk-Free Bet

Bally Bet Colorado has a pretty poor sign-up bonus compared to the industry standard. They offer two different bonuses. New users get a free $100 bet for signing up plus a $550 risk-free first bet. The risk-free bet can be used to wager on any event that doesn’t exceed +300 in odds.

You only get a bonus with the risk-free bet if your first bet is graded a loser, giving you some insurance. However, Bally’s limits the odds available for you to take advantage of, and the monetary value of $550 is severely below industry leaders.

FOX Bet: $500 Risk-Free Bet

If you’re a new user in Colorado, you won’t be floored by the welcome bonus offered at FOX Bet. While the industry standard has been set at $1,000 by leaders such as DraftKings and FanDuel, FOX Bet has decided to provide new users just $500 insurance in the form of a risk-free bet.

With the risk-free bet, your first qualifying bet placed will be refunded if it’s graded a loss in the form of free bets for up to $500. You need to play through that bonus money 1x before you can cash it out. If your first bet wins, congratulations. You get nothing for signing up. But at least you won your bet!

(Note: Terms and conditions apply to all offers and bonuses.)

Colorado Sports Betting Quick Facts

🚀 Launch Date       May 1, 2020
💰 # of Betting Sites       26
📱 Online Sports Betting       ✅ Yes
🎰 Retail Sports Betting       ✅ Yes
🖥️ Online Casino       ❌ No
🃏 Retail Casino       ✅ Yes
🏈 College Sports Betting       ✅ Yes
🌎 2022 Population (est.)       5.8 million
💵 2021 Betting Handle       $3.83 billion
💸 Tax Rate       10 percent

Colorado Betting Apps

PointsBet Sportsbook

With in-game betting becoming more popular by the day, PointsBet gets a slight nod over the rest of Colorado’s top-tier books by offering one of the widest arrays of in-game betting and prop opportunities. PointsBet also has one of the largest portfolios of sports offerings in the business, which is a big plus.

Check out our PointsBet sportsbook review.

BetMGM Sportsbook

You’ll be hard-pressed to find a sports betting app that offers more in the way of promos and contests than BetMGM. Between the Money Monday Club, King of the Weekend and the hilarious 8-bit Barry game, along with its Parlay Plus promotion, BetMGM has all the bases covered when it comes to player perks.

Check out our BetMGM sportsbook review.

Caesars Sportsbook

One of the most iconic brands in U.S. sports betting, Caesars has earned its place among the top Caesars operators on the strength of an easy-to-navigate interface and a trove of in-game betting options. And while their $5,000 risk-free bet is no longer available, its current offer is still better than most.

Check out our Caesars sportsbook review.

FanDuel Sportsbook

FanDuel still has appeal even if some of its early innovations are no longer best-in-class. Beginners and experts alike will rave about the app’s clean interface, and the availability of free plays for members is a nice touch. But the same-game parlays offer no edge – and FD is no longer alone in the SGP space.

Check out our FanDuel sportsbook review.

Barstool Sportsbook

The Barstool brand has a love-hate relationship with the general public, but the sports betting app is worth a look no matter what side of the fence you’re on. The “Move the Line” scroller gives you instant access to alternate lines and totals, and Barstool has one of the largest selection of sports from which to choose.

Check out our Barstool sportsbook review.

DraftKings Sportsbook

DraftKings might be a little further down the list than some expect, but it’s actually above average in several areas (including payout speed, available markets and ease of interface use). But the lack of a phone option for customer service is a significant strike against an otherwise strong app.

Check out our DraftKings sportsbook review.

Tipico Sportsbook

Tipico has been listening to the crowd. The Europe-based operator lowered the rollover on its $750 risk-free bet from 3x to 1x, matching the industry standard and endearing itself to those it had alienated. Still, with no live streaming option and low limits on boosts, Tipico still has plenty of work to do.

Check out our Tipico sportsbook review.

Circa Sportsbook

You will almost certainly rank Circa Sports higher or lower based on what kind of player you are. High rollers will love the fact that Circa easily has the highest limits across the board of any sportsbook in the United States. Beginners, on the other hand, might stay away due to the fact that Circa doesn’t offer a sign-up bonus.

Check out our Circa sportsbook review.

WynnBET Sportsbook

Talk about an ugly first impression. WynnBET used to have a $1,000 risk-free bet, but is now offering just $200 in free wagers – though you only need a $10 minimum deposit to access them. There’s also a major disconnect between the quality of the app (very good) and that of the desktop experience (super-terrible).

Check out our WynnBET sportsbook review.

FOX Bet Sportsbook

Coloradoans will love some of what FOX Bet offers: Namely, reduced vig on local teams and strong futures odds compared with the rest of the industry. But don’t expect big props markets here – you won’t find them. The bonus offers and ongoing promos also fall short, which is a red flag.

Check out our FOX Bet sportsbook review.

BetRivers Sportsbook

BetRivers does well to organize its live betting section, and has a strong offering of alternate lines and props. But that’s pretty much where the kudos end: The app’s interface is an eyesore, and the $250 deposit match is one of the least impressive bonuses among the major Colorado sportsbook operators.

Check out our BetRivers sportsbook review.

 

How to Bet in Colorado

Choose your sportsbook

Consult our top list above for the best sports betting options available to you in Colorado. Our interactive list allows you to sort sportsbooks based on a number of criteria, including banking options, bonuses and quality of customer service.

If you’re looking for more information before making your choice, be sure to check out our detailed, unbiased reviews for each of the top sportsbooks in Colorado. This is especially important if you want to understand how each book’s bonus offers work.

Register online

Registration requirements vary slightly by sportsbook, but most follow the same protocols. Be sure to have your personal information (name, address, phone number) and credit card details (number, expiry date, CVV) handy.

Deposit and claim your bonus

Once you’re comfortable with how your sportsbook’s new signup bonus works, it’s time to make your initial deposit and claim that sweet bonus. The majority of first-time offers for Coloradoans come in one of two forms:

  • Risk-free bets: This offer guarantees you a refund on your first wager if it is graded as a loss. The sportsbook will refund your initial bet amount (up to a specific limit) either as cash or as site credit.

  • Deposit match: This offer sees the sportsbook match your initial deposit dollar-for-dollar, though there are two caveats. The deposit match will come with a maximum limit, and in the majority of cases you will be required to “play through” your initial deposit by a certain multiple in order to earn the bonus.

Select and finalize your bet

Congratulations! You’re ready to place a wager. Take some time to familiarize yourself with the app interface before diving in. Most mobile operators make it easy for new sports bettors to navigate, but it’s still a good idea to know where everything is.

From there, you can place any type of wager you like; the most popular bet types are the moneyline, spread or total. You can also dive into team or player props, or even kick things off with a futures bet.

Once you have the desired wager(s) in your betting card, take one last look to ensure you’ve made the selections you want. If everything is good, simply click the “Bet” button – and you’re off!

Colorado Legal Sports Betting History

Gambling has long been a part of Colorado’s fabric, dating back to activity in the state’s frontier towns in the late-19th and early-20th centuries. Fast forward nearly 120 years, and the process to add Colorado to the collection of states with sports betting legislation was a relatively painless one relative to the rest of the country.

Here’s a look at Colorado’s legal sports betting history:

2019: Voters pass slim majority

Representative Alec Garrett introduced House Bill 19-1327, aimed at legalizing sports betting in the state. Highlights of the bill included:

  • Owners of casinos in Central City, Black Hawk, and Cripple Creek) were the only persons or entities eligible to hold a "master license" to conduct sports betting upon paying a license fee and submitting to background checks.
  • A voter referendum would be held in November 2019 to determine whether the state’s casinos will be eligible to apply for licenses to offer in-person and/or online sports wagering.
  • The state would tax gross gaming revenue at a rate of 10 percent.

The bill passed through without issue and was signed into law by Colorado Governor Jared Polis on May 29, 2019.

That left Colorado Proposition DD as the only remaining step to complete – and the result was a tight one, with just 51.4 percent of voters in favor of the statute. That vote cleared the way for sports betting to become legal sometime in 2020.

2020: Online sports betting explodes

May 2020 is a big one for the state, as sports betting kicks off with four online operators in the marketplace (BetMGM, BetRivers, DraftKings, FanDuel). The timing, however, isn’t good for retail sportsbooks, which are forced to shut down shortly after the online launch due to the COVID-19 pandemic.

From the start, it was clear that Colorado was going to be one of the least restrictive states in the country when it came to online sportsbook licenses. By the end of the year, a whopping 15 mobile operators were in the space.

2021: Rocky Mountain Revenues Soar

Continuing its reputation as the state with doors wide open, a trio of major players joined the fray. Barstool Sportsbook began operating in Colorado just prior to the start of the 2021 NFL season, while SI Sportsbook (in tandem with 888) joined the following month. Bet365 received its approval to join the market before year’s end.

The sheer number of online operators carved a pathway to massive revenue for the operators (and tax income for the state). Despite ranking near the middle of the pack in population nation-wide, Colorado generated an incredible $3.83 billion in handle for the calendar year while becoming one of the first states to reach the $5 billion mark overall.

2022: Record Handles in CO

The new year saw several major developments in Colorado sports betting:

  • The state’s $573.7 million in handle for January established a new record, besting the old mark of $491.5 million from the previous October.
  • Colorado put up another $500-million tally in March, buoyed by the frenzy of March Madness.
  • Garrett, Colorado’s Speaker of the House, introduced House Bill 1402, designed to reduce the percentage of handle operators can write off as free bets. The figure, presently sitting at 10 percent, will shrink to 2.5 percent beginning Jan. 1, 2023 and gradually shrink to 1.75 percent from June 1, 2026 onward. The bill, which directs some of the additional tax revenue to problem gaming programs within the state, has yet to be signed into law.

Responsible Gaming in Colorado

Like most states, Colorado’s state gaming authority has put safeguards in place to ensure that bettors have a way out of any potential trouble spots. 

Players who want to engage in self-exclusion can do so either through the Problem Gambling Coalition of Colorado, or through their online sportsbooks (which also allow bettors to set daily, weekly or monthly limits on deposits and/or wagers. 

Visit the Colorado Gaming Association site.

Sports Leagues to Bet On

It will come as no surprise to see a rather extensive list of major professional and amateur sports available to Colorado bettors – a list that includes (but is not limited to):

  • NFL
  • NCAA Football
  • NBA
  • NCAA Basketball
  • MLB
  • NHL
  • Golf
  • Auto Racing
  • Tennis
  • Soccer
  • MMA
  • Esports

That doesn’t leave much off the table, but there are two major markets in which wagering in Colorado is prohibited:

  • Politics
  • Entertainment (including awards shows)

Colorado Teams to Bet On

Denver might not carry the same sterling reputation for sports fandom as larger cities like New York, Chicago or Boston – but the passion is real. The NFL’s Denver Broncos have the longest active sell-out streak in the league at more than 400 games, while the NHL’s Avalanche and NBA’s Nuggets have also been big draws in recent years.

Here’s a look at the sports betting picture relating to Colorado’s big four professional sports teams:

Denver Broncos Betting

Big-name sportsbooks clamored to join forces with the Broncos – and BetFred gained a significant early edge thanks to a partnership agreement that included a sports betting lounge on a lawn outside Empower Field at Mile High.The activation lounge included a bar, entertainment system and on-site sportsbook.

BetMGM and FanDuel have since signed partnership arrangements with the franchise, with BetMGM planning to install its own lounge on the Level 1 concourse.

Colorado Rockies Betting

DraftKings emerged out of thin air (Get it? Because Denver is a high-altitude city?) to become not only the Rockies’ first sports betting operator, but also its official DFS provider. And while signage, branding and DK-inspired giveaways make up the bulk of the partnership, fans should expect to see a sportsbook at Coors Field at some point. 

Denver Nuggets Betting

A visit to Ball Arena wouldn’t be complete without stopping by the PointsBet Club Level, the crown jewel of the sportsbook operator’s partnership with Kroenke Sports and Entertainment. PointsBet Club Level offers patrons access to a host of premium amenities, including the Truly Club, Colorado Social and private event spaces.   

Colorado Avalanche Betting

Branding Ball Arena’s premium sections isn’t the only impact PointsBet has had on the mile-high venue. PointsBet has also gone the extra step to upgrade the arena’s Wi-Fi, giving visitors one of the best mobile experiences of any sports venue in the U.S. (and thereby making it even easier for customers to place wagers from the game).

Colorado Retail Sportsbooks

Some players prefer the old-school, in-person, cash-and-ticket method of sports betting. Yet, while those options are plentiful in Colorado, players have just three cities to choose from when it comes to brick-and-mortar betting options. Here are the places where you can bet at in-person sportsbooks in the Centennial State:

Ameristar Casino Black Hawk (Barstool Sportsbook, 111 Richman Street, Black Hawk, CO, 80422)

Bally's Black Hawk (DraftKings Sportsbook, 300 Main Street Black Hawk, CO, 80422)

Grand Z Casino (Play Maverick Sports, 321 Gregory St, Central City, CO, 80427)

Isle Casino Hotel Black Hawk (Caesars Sportsbook, 401 Main St, Black Hawk, CO, 80422)

Johnny Z’s Casino (Play Maverick Sports, 101 Gregory St, Black Hawk, CO, 80422)

Lady Luck Casino (Caesars Sportsbook, 340 Main St, Black Hawk, CO, 80422)

Monarch Casino Resort Spa (BetMonarch, 488 Main St, Black Hawk, CO, 80422)

Red Dolly Casino (Elite Sportsbook, 530 Gregory Street, Black Hawk, CO, 80422)

Saratoga Casino Black Hawk (BetFred Sportsbook, 101 Main Street, Black Hawk, CO, 80422)

The Lodge Casino at Black Hawk (SuperBook, 240 Main Street, Black Hawk, CO, 80422)

Wildwood Hotel and Casino (Woody's Sportsbook, 119 Carbonate Street, Cripple Creek, CO, 80813)

[NOTE: The sportsbook at Bronco Billy's Casino (TwinSpires, 233 E. Bennett Ave., Cripple Creek, CO, 80813) is CLOSED. Winning bet tickets can be redeemed at the Bronco Billy's Cage.]

Colorado Sports Betting Tax & Handle

Like several other notable states, Colorado kicked off its era of legal sports betting just as the COVID-19 pandemic took hold. For that reason, the first few months of regulated wagering in the state produced underwhelming revenue and handle figures – but that quickly changed as sports returned.

Colorado rode a strong December to a $1.2-billion opening year, then improved on that figure with four straight months of $400+ million handle to end 2021. Here’s a look at Colorado’s monthly handle beginning in May 2020:

2020

MonthHandle
May        $25 million
June        $38 million
July        $59 million
August        $128 million
September        $207 million
October        $210 million
November        $231 million
December        $284 million
Total$1.19 billion

2021

MonthHandle
January        $326 million
February        $266 million
March        $301 million
April        $244 million
May        $249 million
June        $229 million
July        $181 million
August        $211.9 million
September        $408.3 million
October        $491.5 million
November        $475.4 million
December        $461.4 million
Total$3.83 billion

2022

MonthHandle
January        $573.7 million
February        $440.5 million
March        $505.6 million
April        $392.3 million
May        $360 million
June        $313.2 million
July        $258.4 million
Total$2.83 billion

With the overwhelming majority of Colorado’s retail sportsbook action limited to just two communities, it’s no surprise that the state generates a higher percentage of handle via mobile (98.7 percent in February 2022) than any other notable state with regulated sports wagering. And having 26 active mobile sportsbooks doesn’t hurt, either.

Colorado taxes sportsbooks at a rather reasonable rate of 10 percent.

Colorado Sports Betting FAQ

Can I legally wager on sports in the state of Colorado?

Yes! Mobile sports wagering officially began in Colorado in May 2020 with four sportsbooks (BetMGM, BetRivers, DraftKings, FanDuel) all going live.

Am I permitted to bet in Colorado even if I don’t live there?

You can create an account, deposit, make bets and withdraw using any regulated mobile sports betting app in Colorado, as long as you are within state borders. Be sure to complete all of your transactions before you leave, however; once you’re outside the state, you will no longer be able to access your account(s).

Can I use online sportsbooks that aren’t partners of the sports venue I’m in?

You certainly can! Any regulated mobile sports betting app should work in whatever Colorado-based sports venue you’re in at that time.

Which Colorado sportsbook should I use?

Check out our list of the top-rated Colorado sportsbooks above!

Can I bet on any Colorado-based team?

You are permitted to wager on any Colorado-based professional or collegiate sports team. College player props, however, are not offered.

Can I wager on esports in Colorado?

You sure can! Esports wagering is permitted in Colorado, though all markets must first be approved by the Esports Integrity Commission, an organization that “take(s) responsibility for disruption, prevention, investigation and prosecution of all forms of cheating in esports, including, but not limited to, match manipulation and doping.”

How big is the Colorado sports betting market?

With a population of just under six million people (2022 estimate), Colorado is the 20th-most populous state in America. It has, however, seen the sixth-largest growth rate in the United States since 2021 at a whopping 18.1 percent.

Who is responsible for overseeing sports betting in Colorado?

The Colorado Gaming Association has jurisdiction over sports betting in the state. You’ll find plenty of information on the CGA website, including directions for self-exclusion, laws and regulations, and mobile sports wagering reports.

Will there be more online sportsbook operators in Colorado in the future?

As if there weren’t already enough online sportsbooks in the state, more are on the way. Bet365 is expected to launch in Colorado before the end of June, while ClutchBet (the U.S. brand of Australia-based BlueBet) should also make its way into the Centennial State in the coming months.